Can't get a personal loan, stuck what to do

[Lucky4Seven]

Okies, so I have 4 credit cards debts which total to around £3000.

I'm trying to get a loan with my own bank Lloyds and Nationwide.

Both banks decline.

Here's the issue.

I've a good monthly income of £1800 including private pension, trust fund payment and benefits.

My credit score with Experian is 729.

I can't see anything adverse on my credit file, no late repayments in 2 years, no default which left my credit file on 18th June.

I really don't get why I'm being declined for credit, I state what I want funds for to consolidate 4 credit cards into 1 payment.

Any help please.

I state I'm retired which I am, home owner with no mortgage.

No loans with any other provider.

Can easily make the monthly repayments.

Mystified to say the least.

[echat11]

That's not great.

Have you tried a Credit Union? Posted for information, not a recommendation - https://creditunion.co.uk/loans/

Posted for info only - https://www.moneysupermarket.com/loa...or-pensioners/

[Lucky4Seven]

That's not great.

Have you tried a Credit Union? Posted for information, not a recommendation - https://creditunion.co.uk/loans/

Posted for info only - https://www.moneysupermarket.com/loa...or-pensioners/

Thanks, will have a look.

I'm 52 and retired on health grounds.

Its very odd I can't get a loan with my bank.

[echat11]

Thanks, will have a look.

I'm 52 and retired on health grounds.

Its very odd I can't get a loan with my bank.

They use all sorts of 'algorithms', none of which make sense.

Don't let it bother you, it's their loss.